Dubai records Dh1b-plus land deal in Palm Jumeirah

Commercial plot sale at Royal Amwaj highlights strong investor confidence

Last updated:
Khitam Al Amir, Chief News Editor
Palm Jumeirah
Palm Jumeirah
Shutterstock

Dubai’s real estate market has recorded a landmark transaction with the sale of a granted land plot at the Royal Amwaj project in Palm Jumeirah for more than Dh1 billion, despite regional tensions, according to official data.

Figures from the Dubai Land Department’s “Dubai REST” app showed the commercial plot spans over 858,645 square feet, priced at Dh1,166 per square foot.

Get updated faster and for FREE: Download the Gulf News app now - simply click here.

Total real estate transactions had reached more than Dh3.18 billion by 1:45pm UAE time, including Dh1.73 billion in sales, Dh280.98 million in mortgages and Dh1.17 billion in gifts. Sales accounted for 54.49 per cent of total activity.

Dubai’s property sector has posted record results in the first quarter of 2026, with sales rising 23.85 per cent year-on-year to Dh175.88 billion, underlining strong investor confidence despite regional tensions.

Khitam Al Amir
Khitam Al AmirChief News Editor
With over 30 years of journalistic experience spanning from Jordan to the UAE, Khitam has spent the past 22 years reporting on national and regional news from Dubai, with a strong focus on the UAE, GCC and broader Arab affairs. As Chief News Editor, she brings extensive expertise in delivering breaking and engaging news to readers. Beginning her tenure as a translator, she advanced through roles as Senior Translator and Chief Translator before transitioning to editorial positions, culminating in her current leadership role. Her responsibilities encompass monitoring breaking news across the UAE and the broader Arab region, ensuring timely and accurate dissemination to the public.​ Born into a family of journalists, Khitam's passion for news was ignited early in life. A defining moment in her youth occurred in September 1985 when she had the opportunity to converse with the late British Prime Minister Margaret Thatcher during her visit to a Palestinian refugee camp north of Amman. During this encounter, Khitam shared her family's experiences of displacement from their home in Palestine and their subsequent refuge in Jordan. This poignant interaction not only deepened her understanding of geopolitical issues but also solidified her commitment to pursuing a career in journalism, aiming to shed light on the stories of those affected by regional conflicts. Khitam’s commitment to accurate and timely reporting drives her to seek out news that interests readers, making her a trusted source for news on the UAE and the broader Gulf region.

Get Updates on Topics You Choose

By signing up, you agree to our Privacy Policy and Terms of Use.
Up Next